Will a $700 turntable outperform a CD player?


I’m looking into getting a second source as I don’t want to be tied down to internet and a streaming service as my only source.  Will a $700 turntable and inexpensive phono preamp out perform a Cambridge CXC transport / Schiit Gungir Multibit?  
The Schiit Sol / mani preamp look enticing but I know nothing about turntables.

I used to dj and always used technics Sl1200’s and really liked them.  I can pick up a nice SL1200 mk3 used for $600...

I figure that before I start spending hundreds, possibly thousands, on cd’s or vinyl, I should be sure which format I want!

Thanks for any advice / input regarding this 😁

Best Regards,
Bruce
128x128b_limo
144 dB of dynamic range ain’t going to do you much good if the mastering engineers compress the life out of the recording. Garbage in 🔜 garbage out. 🔚 The CD player has inherent problems that prevent the full dynamic range - whatever it is - from being recovered from the disc, anyway. You can’t win.
@geoffkait
That is the WHOLE point. No matter what, music pressed on to the vinyl MUST be compressed down to 70db. It can NOT be written otherwise.
So, 144db is compressed down to 70db in the BEST case.
The bog standard CD gives you 96db dynamic range.

How does that make vinyl better than CD or 192/24 ?
But I was referring to the CD, not vinyl. It’s difficult to compare apples and oranges anyway, there are a great many variables involved with both LP and CD so I won’t make any categorical statements. 😀
The bog standard CD will give you 96db dynamic range, which is still about 25db better than even the BEST vinyl.

That may be true theoretically but as I said they compress the CD so much these days, it looks like a flatline. Have you checked out the dynamic range database. OMG 😆 Plus as I just said the CD players can’t retrieve the full dynamic range on the CD whatever it is, anyway. So what’s the point?